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Saudi will meet oil demand to help check pricesSaudi Arabia will continue to meet any additional oil demand and help moderate prices, but the recent surge in crude prices is not due to any supply shortfall, Saudi Oil Minister Ali Al-Naimi said on Monday. "Saudi Arabia is More… |
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Time to focus on downstream says Al-NaimiTop oil exporter Saudi Arabia must reduce its reliance on crude sales revenues and develop its downstream industry to shield its economy from international market volatility, the kingdom's oil minister said on Tuesday. "Oil, as we all know More… |
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Global economic recovery patchy says Al-NaimiThe world economy is in better shape than two years ago but the recovery remains "patchy," according to the text of a speech Saudi Oil Minister Ali Al-Naimi is to give on Monday at a meeting of Middle Eastern and Asian countries. More… |
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Saudi says ready to supply Asia with more oilSaudi Arabia is ready to supply Asia with more oil thanks to unmatched spare output capacity that allows it to counter any rise in demand or drop in supplies, Oil Minister Ali Al-Naimi was quoted as saying by the state news agency on Saturday. More… |
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Oil market tightening says Saudi ministerThere are signs of increasing demand for oil, Saudi Oil Minister Ali Al-Naimi said on Tuesday, which could mean Opec does not have to take any action on supply this year. 'We have been sailing very well and we will continue to sail ver More… |
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Oil market tightening says Saudi ministerThere are signs of increasing demand for oil, Saudi Oil Minister Ali Al-Naimi said on Tuesday, which could mean Opec does not have to take any action on supply this year. 'We have been sailing very well and we will continue to sail ver More… |
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Gulf economies strong despite anxieties: SaudiGulf economies are strong despite anxieties over financial strains in the regions, Saudi Arabian Oil Minister Ali Al-Naimi said on Wednesday. "I want to emphasise that the overall economy of the region as a whole remains strong," he told a More… |
